June 20 (Cointime) - Bitcoin markets have entered a period of low activity and volatility as US regulators have increased their scrutiny of the industry. This has resulted in the asset remaining range-bound as it recovers from losses. On-chain analytics platform Glassnode has reported that Bitcoin's volatility, volumes, and realized values are at multi-year lows, and the market is in a "hangover apathy phase."
However, hodlers continue to accumulate BTC at a rate of around 42,200 BTC per month, suggesting that the "price insensitive class" is absorbing a significant portion of the available supply. Despite a recent 2% increase, Bitcoin remains down 61% from its all-time high and is firmly in bear territory.
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